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THE BIG INTERVIEW FEATURE NAME
FIS: A real-time provider for real- time banks in a real-time world
Bruce Jennings, Strategy Director, EMEA Banking and Payments, FIS talks to IBS Journal about mergers, hybrid cloud, real-time payments and what FIS sees emerging from the cloud
Bill Boyle Senior editor
F
idelity National Information Services, better known by its abbreviation FIS, employs more than 55,000 people worldwide and provides payment processing and banking
software, services and outsourcing of the associated technology globally. By any standard, FIS qualifies as a big organisation. It has more than 20,000 clients in more than 130 countries, is in the Fortune 500, and generated $9.3 billion in revenue last year.
The recent acquisition of SunGard put FIS in the number one position by size to offer a comprehensive and deep range of enterprise banking and capital markets capabilities in the financial industry worldwide.
Bruce opened up our discussion with the SunGard acquisition: “We are now, post-acquisition of SunGard, the largest fintech in the marketplace. In the IT and tech space, as you well know, when a merger takes place you don’t often find out whether it’s been a happy marriage for a long time. Even in the financial space, it can take a while before the synergies that are always hoped for in a merger to take place.
Bruce Jennings: “our new combined offering is a real strength”
“Take the Mastercard and VocaLink deal for example – a cards processor buys a payments infrastructure solutions provider. Some asked what are they going to do with it? The answer is that sometimes the buyer has no clear what they will do with it despite the fact that it seemed like a good fit at the time. Then they find overlaps with their existing offering and it doesn’t look so good. But in this instance, with the SunGard acquisition, we can now
now service the full life cycle of financial services
“
www.ibsintelligence.com | © IBS Intelligence 2017 With SunGard, we can
service the full lifecycle of financial services. It was a good buy which is proving very valuable and already delivering for us.”
Deep and wide
The sheer breadth and depth of the services FIS can bring to its clients across financial sectors are enormous – the company covers institutional, wholesale and retail banking but also includes corporate and infrastructure services. Jennings says: “What the Sunguard acquisition brought us was the ability to be part of the conversation in almost every sector of financial services.”
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